Trade Review: EUR/JPY

It looks like I over estimated the range that the pair traded in today as the pair never came close to our short entry and came within 5 pips of our long entry. So, no trade on a very boring trading day.

No Trade Entered.

Let’s face it. Traders are looking towards some good food, time off and some relaxation this holiday weekend. This means we’ll continue to see less action this week and possible spikes as the markets lose some liquidity. We do have one more potential opportunity this week in USD/CAD before the holiday, so check out tonight’s “Pick of the Day.” After that, it’s Turkey Day in the US which means no more Picks for the rest of the week. I hope everyone has a happy and safe Thanksgiving weekend!

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About Pipcrawler

Every day, I try to find what I believe is the best looking short term currency trade setup for the upcoming trading day or week. If you're a forex newbie, it can be tricky trying to figure out how to look at charts and draw lines. My goal is help you understand the psychology behind price movements in the foreign exchange markets, so you can learn to analyze your own currency charts and trade on your very own. To help you understand my trading approach, please read about my trading framework.

We introduce people to the world of currency trading, and provide educational content to help them learn how to become profitable traders. We're also a community of traders that support each other on our daily trading journey.